The USDCAD moved decrease (larger CAD) regardless of tariffs on Canada metal. Technicals in play.

President Trump formally introduced a 25% tariff on all metal and aluminum imports into the U.S., regardless of granting a 30-day reprieve for Canadian exports final week. Canada, a serious exporter of those metals to the U.S., is straight impacted. Trump additionally talked of tariffs on vehicles, prescription drugs and chips

Following the announcement, USDCAD initially examined resistance close to 1.4348 in a single day however is pulling again in early North American buying and selling. For additional upside motion, the pair should break above 1.4348 after which 1.4368. Failing that, sellers stay in management.

On the draw back, key help lies between 1.4290 and 1.4304—a break beneath this might result in additional losses, with the subsequent help zone at 1.4260-1.4269 doubtlessly opening the door for extra bearish momentum.

This text was written by Emma Wang at www.ubaidahsan.com.



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